Bank of New York Mellon Corp raised its stake in shares of Carter’s, Inc. (NYSE:CRI) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 814,399 shares of the textile maker’s stock after buying an additional 36,555 shares during the period. Bank of New York Mellon Corp owned approximately 1.70% of Carter’s worth $72,441,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Alps Advisors Inc. increased its position in Carter’s by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,419 shares of the textile maker’s stock valued at $482,000 after buying an additional 14 shares during the period. SG Americas Securities LLC increased its position in Carter’s by 12.9% in the second quarter. SG Americas Securities LLC now owns 20,654 shares of the textile maker’s stock valued at $1,837,000 after buying an additional 2,352 shares during the period. Denver Investment Advisors LLC increased its position in Carter’s by 257.7% in the second quarter. Denver Investment Advisors LLC now owns 17,883 shares of the textile maker’s stock valued at $1,591,000 after buying an additional 12,883 shares during the period. Trillium Asset Management LLC increased its position in Carter’s by 6.7% in the second quarter. Trillium Asset Management LLC now owns 14,949 shares of the textile maker’s stock valued at $1,330,000 after buying an additional 942 shares during the period. Finally, Alpine Woods Capital Investors LLC increased its position in Carter’s by 33.0% in the second quarter. Alpine Woods Capital Investors LLC now owns 156,006 shares of the textile maker’s stock valued at $13,877,000 after buying an additional 38,706 shares during the period. Institutional investors and hedge funds own 97.27% of the company’s stock.

Shares of Carter’s, Inc. (CRI) opened at 85.30 on Wednesday. Carter’s, Inc. has a 52-week low of $77.94 and a 52-week high of $98.88. The company’s 50-day moving average is $87.15 and its 200 day moving average is $87.54. The company has a market cap of $4.08 billion, a PE ratio of 16.73 and a beta of 0.32.

Carter’s (NYSE:CRI) last released its earnings results on Thursday, July 27th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.09. Carter’s had a return on equity of 33.18% and a net margin of 7.74%. The firm had revenue of $692.10 million during the quarter, compared to analysts’ expectations of $681.08 million. During the same quarter last year, the business posted $0.72 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. On average, analysts anticipate that Carter’s, Inc. will post $5.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Tuesday, August 29th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, August 25th. Carter’s’s dividend payout ratio is currently 29.08%.

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Several research firms recently commented on CRI. Macquarie began coverage on shares of Carter’s in a research note on Tuesday. They issued an “outperform” rating and a $110.00 price target on the stock. BidaskClub downgraded shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Cowen and Company set a $92.00 price target on shares of Carter’s and gave the company a “hold” rating in a research note on Thursday, July 27th. FBR & Co restated a “buy” rating on shares of Carter’s in a research note on Thursday, July 13th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Carter’s in a research note on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Carter’s currently has an average rating of “Hold” and a consensus target price of $101.27.

In related news, Director Thomas E. Whiddon sold 17,500 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $90.35, for a total transaction of $1,581,125.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

About Carter’s

Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.

Institutional Ownership by Quarter for Carter`s (NYSE:CRI)

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